FORTERRA BUILDING PRODUCTS LIMITED
Company Information
- Company Number
- 08960430
- Registered Address
- 5 Grange Park Court, Roman Way, Northampton, NN4 5EA
- Status
- Active
- Employee Count
- 1767.0
- Turnover
- 455500000.0
- EBITDA
- 86000000.0
Additional Details
- Website
- https://formpave.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 26 March 2014
- Nature of Business
- 23320 - Manufacture of bricks, tiles and construction products, in baked clay
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- East Midlands
Company Location
Loading map...
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 59 | 17% | 36% | 47% | 18% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 60 | 18% | 36% | 46% | 30% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 58 | 19% | 34% | 47% | 38% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 58 | 17% | 38% | 45% | 41% |
| 01 Jul 2021 - 31 Dec 2021 | 29 Jan 2022 | 57 | 20% | 35% | 45% | 32% |
| 01 Jan 2021 - 30 Jun 2021 | 21 Jul 2021 | 56 | 21% | 40% | 39% | 33% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 54 | 21% | 44% | 35% | 44% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 58 | 17% | 35% | 48% | 41% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 55 | 22% | 37% | 41% | 24% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 55 | 22% | 36% | 42% | 26% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 57 | 21% | 36% | 43% | 34% |
| 01 Jan 2018 - 30 Jun 2018 | 28 Jul 2018 | 63 | 16% | 35% | 49% | 51% |
Company Summary
Forterra Building Products Limited is a leading manufacturer and supplier of building materials and solutions in the United Kingdom
The company has a strong focus on sustainability and offers a wide range of sustainable products and services
The company's sustainability program is centered around reducing its environmental impact and promoting responsible and ethical practices
This includes using recycled materials in their production processes, reducing carbon emissions, and promoting waste reduction and recycling
Forterra's product portfolio includes a variety of building materials such as bricks, blocks, precast concrete, and clay roof tiles
These products are known for their durability, high quality, and sustainable features
The company also offers a range of services including technical support, design and engineering services, and project management
The key people at Forterra Building Products Limited include CEO Stephen Harrison, who has extensive experience in the building materials industry, and CFO Shatish Dasani, who brings valuable financial expertise to the company
The company can be contacted through their website, which provides detailed information about their products and services, as well as their sustainability efforts
Their registered office address is Forterra House, 5 Bute Street, London, E1 7EP, United Kingdom
In summary, Forterra Building Products Limited is a reputable company in the UK building industry, with a strong focus on sustainability
Their range of sustainable products and services, along with their dedicated team of professionals, make them a reliable choice for all building needs
Company Review
Trend Analysis
Based on the data provided, it can be seen that the average time taken for FORTERRA BUILDING PRODUCTS LIMITED to pay invoices has remained relatively consistent over the past three periods, with only a slight increase in 2023 compared to the previous two periods. However, there has been a noticeable decrease in the percentage of invoices paid within 30 days, with a corresponding increase in the percentage of invoices paid later than 60 days. Overall, there has been a trend towards longer payment periods for FORTERRA BUILDING PRODUCTS LIMITED.
Volatility Analysis
The data for FORTERRA BUILDING PRODUCTS LIMITED shows a low level of volatility, with relatively small changes in the average time taken to pay invoices and the percentages of invoices paid within different time frames. This suggests that the company has a consistent approach to invoice payment and has not experienced significant fluctuations in its payment behavior.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Forterra's standard payment terms are 60 days from the end of month of a correct, undisputed and properly due VAT invoice
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Once the payment falls due this will be made on the next payment run. Payment runs are performed weekly, therefore some payments will be received by the supplier up to a week late due to the cut off for the payment run; this is reflected in the 'Invoices due but not paid within agreed terms' statistic.
Maximum contractual payment period agreed
60
Dispute Resolution Process
In the event a dispute with another party Forterra will engage with that party in good faith to establish the full grounds of any such dispute, with a view to reaching settlement as swiftly as possible. Initial queries are dealt with by our accounts payable department who will then liaise with the appropriate site or department to resolve the query. If resolution is not possible in this way the dispute will be escalated to senior management.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
❌
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
